Monetary policy

The Dodd-Frank Act and its Consequences for the Financial and Banking System The Great Recession of 2008 brought to light a number of weaknesses in the United States economy that allowed for the stock market crash, housing crisis, and necessitated the bail-out of several important banking companies. In response to the recession and fears of a potential repeat of events, President Barack Obama signed the Dodd-Frank Wall Street Reform Act into federal law in 2010. The act brought with it the most…

In the case of Wells Fargo’s stated ethical values versus reality, it can only be stated that Wells Fargo was willing to “talk-the-talk;” however, it showed that the company was not ready to “walk-the-walk.” Though I am sure some very ethical employees were involved in the scandal in which Wells Fargo attempted to open over two million credit lines and bank accounts without the approval of the customers in which they fraudulently attempted to increase the value of the company, even the most…

been implemented during the administrations of Bill Clinton and George H. W. Bush in the 1990s, which led to a fiscal upsurge by causing budget surpluses for four years. He further proclaims that because many people on Wall Street concur with his policy of raising taxes to generate revenue, a tax uplift will not debilitate the economy, but rather will demonstrate the wealthy effusively committing to solving America’s debt crisis (Peterson 2015,…

Political Australia as a politically stable, peaceful and prosperous nation, it has been ranked in the top 10 most political stability countries ahead of many major countries in the world (IMD World Competitiveness Yearbook 2011). A stable political environment that is increasingly important to local and international business to have their long-term business plan. On the other hand, this is attractive to existing as well as new business owners, moreover, as it will ultimately result in bring a…

Nick Rhodes Econ 209: Principles of Macroeconomics November 11, 2017 Homework #1 1. Economic Concepts and Issues a. Wage Growth Increase b. Janet Yellen’s Job Security and The Fed Funds Rate c. Donald Trump’s Border Tax 2. How the Economy will be effected and how these issues will be addressed. a. For the first time since 2009 the wage growth is growing faster than it ever has showing promise for President-elect Donald Trump and the labor market. Ever since the recession the economy has been…

The Life-Cycle Hypothesis posits that pre-retirees should be at their peak earnings potential, maximizing savings, and reducing liabilities at this stage of life (Ando & Modigliani, 1963). Yet, the indebtedness of pre-retirees has increased at an alarming rate (Anguelov & Tamborini, 2010; Butrica & Karamcheva, 2013). Even more troublesome, while numerous individuals are comfortable with the usage of credit cards and other forms of borrowing, a limited number of consumers possess fundamental…

0 Q2 Q1 Quantity There are many reasons for government to place higher tax rates on products such as petrol and cigarettes because the government tends to impose sales taxes to increase revenues, and to reduce consumption. Higher tax also would act as an incentive to reduce the pollution caused by certain products such as petrol and cigarettes. As a from the diagram above, the demands for the products have been decreased…

In my opinion, I believe social security should be privatized to ensure social security benefits to retirees, allow economic growth within the working class and lastly, allow individuals to maximize their investment. Under the current system, Americans who are retired or approaching the retirement age are not safeguarded from any decisions by a future congress to deny benefits to those who have contributed to it. At any period, Congress has the authority to eliminate or reduce any benefits…

and pull back all their cash in the long run, the bank runs out cash this is the point at which the Federal Reserve mediates. The Federal Reserve measures and ascertains diverse parts of the economy and considers the results to settle on essential monetary choices and arrangements. The Federal Reserve System is a framework made to expand work, balance out costs, guarantee direct…

The title of the book was The Post-American World by Fareed Zakaria. The Post- American World is known as Mr. Zakaria’s international bestseller. In the book, Fareed Zakaria discussed different time periods of the nations ups and downs of the economy. Mr. Zakaria started the book in January 2000 and explored how the global economy would change over the next several years. In order for the reader to understand the concept of the nation’s economic highs and lows the book showed be seen as…